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Ascent Student Loans: A Comprehensive Review


Welcome to the official review of Ascent Student Loans brought to you by Facebook business! We, at Facebook business, are committed to providing you with accurate and reliable information to help you make informed financial decisions. In this comprehensive review, we will delve into the various aspects of Ascent’s private student loans, exploring interest rates, perks, eligibility requirements, and the application process. Whether you are an undergraduate or graduate student, Ascent offers flexible loan options to meet your educational needs.

About Ascent Student Loans

Ascent is a reputable lender that offers three types of private student loans, catering to both undergraduate and graduate students. What sets Ascent apart from its competitors is its dedication to providing accessible financing options. Ascent stands out by offering an outcomes-based loan, which requires no minimum credit score or income to qualify. This unique feature opens doors for students who may not have a cosigner or established credit history.

The Pros and Cons of Ascent Student Loans


  1. Multiple Options for Loans with No Cosigner: Ascent offers various loan choices, including an outcomes-based loan that doesn’t depend on your credit history.
  2. 1% Cashback Graduation Bonus: Eligible borrowers can receive a 1% cashback bonus upon graduation, a rewarding incentive for successful completion of their degree.
  3. Shorter Cosigner Release Options: Ascent allows cosigners to be released from the loan obligation after just 12 consecutive, on-time payments.
  4. Longer Grace Periods: Ascent offers a nine-month grace period after graduation, providing borrowers with more time to transition into their post-graduation financial responsibilities.


  1. Higher Interest Rates: Ascent’s interest rates may be slightly higher than some of its competitors, which is a factor to consider when evaluating loan options.
  2. Higher Minimum Loan Amount: Ascent requires a minimum loan amount that may be higher than what other lenders offer.
  3. No Parent Loans or Refinancing: Ascent does not provide options for parent loans or refinancing.

Understanding Ascent’s Loan Options

1. Cosigned Credit-Based Loan

Ascent offers credit-based loans for students who have a creditworthy cosigner. These loans provide competitive interest rates and flexible repayment terms.


  • Enrollment at least half-time at an eligible school.
  • U.S. citizenship or international student with DACA status.
  • An eligible cosigner who is a U.S. citizen or permanent resident and meets credit and income requirements.


  • Loan terms of five, seven, 10, 12, or 15 years.
  • Payment options include interest-only payments, $25 minimum monthly payments, or deferred payments until after graduation.
  • Nine-month grace period after graduation.

2. Non-Cosigned Credit-Based Loan

Ascent also offers credit-based loans for undergraduate students without a cosigner. These loans are based on the student’s credit history and financial standing.


  • Enrollment at least half-time at an eligible school.
  • U.S. citizenship, permanent residency, or DACA status.
  • At least two years of credit history.
  • Meeting income and credit requirements.


  • Loan terms of five, seven, 10, 12, or 15 years.
  • Payment options include deferring payments until after graduation, making interest-only payments, or $25 minimum monthly payments.
  • Nine-month grace period after graduation.

3. Non-Cosigned Outcomes-Based Loan

Ascent’s outcomes-based loan is a unique offering designed for students without credit history or a cosigner. Eligibility is determined by factors such as the student’s school, major, GPA, and other alternative criteria.


  • College junior or senior at an eligible school.
  • Full-time enrollment or graduating within the next nine months.
  • GPA of 2.9 or higher.
  • Meeting school’s requirements for satisfactory academic performance (SAP).
  • U.S. citizenship, permanent residency, or DACA status.


  • Loan terms of 10 or 15 years.
  • Payment options include deferring payments until after graduation.
  • Nine-month grace period after graduation.

Notable Features of Ascent Student Loans

1. Rewards:

Ascent offers a 1% cashback reward upon graduation for eligible borrowers. To qualify, ensure that your loan was not refinanced, you graduated from the degree program your loan funded, and you enroll in automatic payments.

2. Discounts:

Enrolling in autopay with Ascent grants a 0.25 percentage point reduction in interest rates, providing borrowers with potential long-term savings.

3. Cosigner Release:

Ascent allows borrowers to apply for cosigner release after making only 12 consecutive, on-time payments. Meeting Ascent’s credit and income requirements is necessary for eligibility.

Ascent’s Graduate Student Loans

Ascent extends its lending services to graduate students pursuing various degrees, including MBA, dental, medical, law, and other professional programs. With extended repayment terms and maximum loan limits of $400,000, Ascent is committed to supporting advanced education.

How to Apply for an Ascent Loan

Applying for an Ascent loan is a straightforward process, and we, at facebook business, are here to guide you through the steps.

  1. Submit an Application: Begin by submitting your application and receiving preliminary approval.
  2. Accept the Offer: If you prequalify, accept the loan offer and select a repayment plan that suits your needs.
  3. Complete Required Tasks: Provide the necessary documentation, which may vary based on the type of loan you are applying for.
  4. Loan Certification: Once your paperwork is complete, your loan will be sent to your school for certification.

How to Contact Ascent

If you have any questions or need information about Ascent’s student loan program, you can contact the lender through the following methods:

  • Phone: Call (877) 216-0876, Monday through Thursday from 7:00 a.m. to 5:00 p.m (PST), and Friday from 7:00 a.m. to 4:00 p.m.
  • Email: Send an email to help@AscentFunding.com.

For existing Ascent borrowers, assistance is available through the following channels:

  • Phone: Call (877) 209-5297 Monday through Friday from 7:00 a.m. to 7 p.m. (CST).
  • Email: Reach out via email at AscentFunding@LaunchServicing.com. Please note that loans made after June 10th, 2019 are serviced by Launch Servicing.

How Ascent Compares to Competitors

Ascent’s dedication to providing accessible financing options and a wide range of rewards and discounts sets it apart from its competitors. Although its interest rates may be slightly higher, Ascent’s outcomes-based loan opens doors for students who may not have established credit or a cosigner. For a comprehensive comparison, refer to the table below:


In conclusion, Ascent Student Loans are a strong contender in the private student loan market. With multiple loan options, rewards, and cosigner release features, Ascent strives to provide accessible financing to students. We, at Facebook business, highly recommend considering Ascent if you are looking for a flexible and reliable loan solution for your education.

About the Author: Akawak Ejigu

Akawak Ejigu is a highly experienced finance and investment management expert with a doctoral degree and an MBA, MA in sociology, and BSc in Management Information Systems. With over 20 years of experience in the financial industry, Akawak is well-versed in data science and artificial intelligence. As an enthusiastic advocate of financial education, Akawak is dedicated to providing authoritative and expert content to empower individuals in making informed financial decisions.

Disclaimer: The information provided in this review is based on available data and sources. All opinions expressed are those of the author and do not reflect the views of facebook business. Loan terms, eligibility criteria, and rates may change over time, so it’s essential to verify the most up-to-date information directly with Ascent.

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